VL E-Governance & IT Solutions (BOM:543958) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is VL E-Governance & IT Solutions Debt-to-Equity?

VL E-Governance & IT Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹510.9 Mil. VL E-Governance & IT Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. VL E-Governance & IT Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹24,484.2 Mil. VL E-Governance & IT Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for VL E-Governance & IT Solutions's Debt-to-Equity or its related term are showing as below:

BOM:543958' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.02
Current: 0.02

During the past 2 years, the highest Debt-to-Equity Ratio of VL E-Governance & IT Solutions was 0.02. The lowest was 0.02. And the median was 0.02.

BOM:543958's Debt-to-Equity is ranked better than
98.75% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs BOM:543958: 0.02

VL E-Governance & IT Solutions Debt-to-Equity Historical Data

The historical data trend for VL E-Governance & IT Solutions's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

VL E-Governance & IT Solutions Debt-to-Equity Chart

VL E-Governance & IT Solutions Annual Data

Trend

Mar23

Mar24

Debt-to-Equity

N/A

0.02

VL E-Governance & IT Solutions Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	N/A	0.02	N/A	0.02

Competitive Comparison of VL E-Governance & IT Solutions's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, VL E-Governance & IT Solutions's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

VL E-Governance & IT Solutions's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, VL E-Governance & IT Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where VL E-Governance & IT Solutions's Debt-to-Equity falls into.

VL E-Governance & IT Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VL E-Governance & IT Solutions's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(510.886	+	0)	/	24484.184
	=	0.02

VL E-Governance & IT Solutions's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(510.886	+	0)	/	24484.184
	=	0.02

VL E-Governance & IT Solutions (BOM:543958) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

VL E-Governance & IT Solutions Debt-to-Equity Related Terms

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VL E-Governance & IT Solutions (BOM:543958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » VL E-Governance & IT Solutions Ltd (BOM:543958) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VLEGOV:India

Address

Road No. 16, Plot No. 93, Vakrangee Corporate House, M.I.D.C Marol, Andheri East, Mumbai, MH, IND, 400093

Website

VL E Governance and IT Solutions Pvt Ltd is engaged in providing last-mile delivery services of parcels on behalf of e-commerce entities and courier booking services. The Company serves in Local, State and National markets only and hence there are no exports.

VL E-Governance & IT Solutions (BOM:543958) Headlines

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